Technical Insider

Stock Divided 40% Ex Date today September 21, 2010 News on PNX: DCL #6116: Phoenix Petroleum stock dividend declaration We refer to Circular Nos. 2338-2010 (dated April 12, 2010) and 4900-2010 (dated July 16, 2010) regarding the approval by the Board of Directors and stockholders of Phoenix Petroleum Philippines Inc. ("PNX") of the declaration of a 40% stock dividend and the increase in its authorized capital stock from Php400,000,000.00 to Php800,000,000.00… Finally, pursuant to the stock dividend declaration approved by the Board of Directors and ratified by the stockholders, the Company as confirmed by the Commission would like to announce that all stockholders as of record date of September 24, 2010 shall be entitled 40% stock dividends to be issued and paid on October 20, 2010…. STOCK DIVIDEND (UPDATE): Stock - 40% Ex-Date - September 21, 2010 Record Date - September 24, 2010 Payment Date - October 20, 2010

PNX continues to rally and achieves a higher high at 9.14. PNX closed slightly below at 9.10 but a good improvement from an open of 9.0 which was the level of yesterday's high. News on PNX: DCL #6116: Phoenix Petroleum stock dividend declaration We refer to Circular Nos. 2338-2010 (dated April 12, 2010) and 4900-2010 (dated July 16, 2010) regarding the approval by the Board of Directors and stockholders of Phoenix Petroleum Philippines Inc. ("PNX") of the declaration of a 40% stock dividend and the increase in its authorized capital stock from Php400,000,000.00 to Php800,000,000.00… Finally, pursuant to the stock dividend declaration approved by the Board of Directors and ratified by the stockholders, the Company as confirmed by the Commission would like to announce that all stockholders as of record date of September 24, 2010 shall be entitled 40% stock dividends to be issued and paid on October 20, 2010…. STOCK DIVIDEND (UPDATE): Stock - 40% Ex-Date - September 21, 201...

PNX Gap Up!!! PNX continues bullish behaviour! PNX opened at High of 9 and and low of 8.50 which is above yesterdays high of 8.20 Volume diminished from 1,362,600 yesterday to 1,004,400 shares. Im hoping that PNX will not test support at 8.5 tom. Good luck to everyone!

PNX Breakout Support at 7.8 Volume highest in the past 6mos! Target: 10?!? Goodluck everyone! :)

Daily notes PSEi registered a green day today :) Which might be a reaction to a possible oversold level yesterday (RSI = 30.367) PSEi likely to cross the MA130 (2896) this week... The bears are definitely in control... WEB trying to find support... hopefully it found it at yesterday's low of 15.75, since it registered a higher low today of 16... PNX higher low today at 6.9 :) there might really be a support level at 6.6 :) I doubt it if PNX can break the resistance at 7.1 this week... Good luck to everyone :)

PNX = 8.6 ( 6.2 ) PNX gap up to close at 8.6 with significant volume. Might test resistance at 9. Resistance: 9 Support: 8.5/8.3 Good luck to all PNX traders

PNX = 7.7 ( 8.5% ) PNX one of the top gainers at yesterday's trading also crossed above its 32MA :) Resistance at 8, a recent high :) Support at 32MA, 7.4-7.5 :) Good luck to all PNX traders :)